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BUSINESS
August 6, 2013 | Michael Hiltzik
The definitive line about a newspaper's public mission came, as it happens, from Hollywood. In Orson Welles' classic "Citizen Kane," the title character, his newspaper empire in tatters, is asked by Walter Thatcher, the film's stand-in for J.P. Morgan, what he would like to have been. Kane answers: "Everything you hate. " Jeff Bezos' dealings with the moneymen of Wall Street have always been rather friendlier than those between Kane and Thatcher. But what he may share with Kane is the feeling that these unappreciated - indeed, financially despised - enterprises known as newspapers have some value that other investors have been overlooking.
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BUSINESS
December 27, 2006 | From Bloomberg News
New York Times Co. had its credit rating cut to BBB-plus from A-minus by Standard & Poor's, which cited challenging business conditions and debt from capital spending projects. The new rating is S&P's third-lowest investment-grade level, and the outlook for the company's debt is negative, the ratings company said. New York Times is building a new headquarters in Times Square, consolidating printing operations and reducing the width of its flagship newspaper.
BUSINESS
January 9, 2004 | From Reuters
A 22-year-old California man pleaded guilty to hacking into New York Times Co.'s computer network and entering a database containing personal information about opinion-editorial page contributors. Adrian Lamo, who turned himself in to federal authorities in Sacramento in September, pleaded guilty to one count of computer damage causing more than $5,000 in losses to the New York Times.
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